According to on-chain analyst Yu Jin's monitoring, the Garrett Jin whale entity (0x92ea...50e9) increased its position by 600 BTC long contracts at a price of $79,000 in the early morning, worth $47.4 million.This entity has held BTC long contracts for 3 months, currently holding 1,868 BTC long contracts, worth $147 million, with an average price of $77,090, resulting in an unrealized profit of $2.78 million; at the same time, it holds 32,700 ZEC short contracts with an average opening price of $444, worth $25.28 million, resulting in an unrealized loss of $10.74 million.
According to South Korea's Chosun Ilbo, the export prices of DRAM in South Korea continue to soar, with AI-driven HBM production squeezing the supply of ordinary memory. Data shows that from the 1st to the 20th of this month, the export unit price of DRAM from South Korea reached $92,183 per kilogram, a year-on-year increase of 401%, and approximately 12.5 times higher than the low point in January 2023.Goldman Sachs expects the DRAM supply gap to widen from 5.0% this year to 5.9% next year, believing that the HBM required for AI servers and high-capacity server DRAM are absorbing limited production capacity, leading to further tightening of ordinary DRAM supply, with shortages potentially lasting until 2028. TrendForce predicts that by the end of next year, the wafer input for HBM production by Samsung, SK Hynix, and Micron will account for 30% of the total DRAM wafer input, but HBM will only account for about 13% of the actual DRAM bit supply.Memory manufacturers warn that the supply tightness of DRAM and NAND driven by AI demand may continue until after 2027. SK Hynix stated that from the supply side, 2027 could become the most severe shortage year in the history of the memory industry.
Odaily News: Pons, a project in the Robinhood Chain ecosystem, announced that it has generated over $2.85 billion in trading volume in just one month since launch, accounting for more than 11% of Robinhood DEX's total trading volume of approximately $25 billion.
Odaily News: According to GMGN market data, the Robinhood ecosystem meme coin MARTIANS has surpassed a $6 million market cap, currently at about $6.6 million, with an intraday gain of over 320%.
On the narrative front, Robinhood co-founder Vlad Tenev previously replied to Elon Musk's Mars-related content, saying, "See you on Mars," which sparked community hype around the MARTIANS meme narrative.
Odaily reminds that meme coin prices are highly volatile and easily influenced by social media sentiment and market emotions; please be aware of trading risks.
According to GMGN market data, the market capitalization of the Robinhood ecosystem Meme coin MARTIANS has surged past 6 million USD, currently reported at around 6.6 million USD, with a daily increase of over 320%.In terms of narrative, Robinhood co-founder Vlad Tenev previously responded to Musk's comments about Mars by stating, "See you on Mars," which sparked community hype around the Meme narrative of MARTIANS. Meme coin prices are highly volatile and easily influenced by social media commentary and market sentiment, so please be aware of trading risks.
Bloomberg ETF analyst Eric Balchunas stated that gold and Bitcoin ETFs have returned to the top ten funds by trading volume, which may indicate that "devaluation trades" are replacing the AI craze.Balchunas pointed out that this phenomenon reflects the market's capital flow shifting from AI-related assets to asset classes like gold and Bitcoin, which are seen as hedges against currency devaluation.
Odaily News: Thailand's Securities and Exchange Commission (SEC) is seeking public comment on proposed rules for spot Bitcoin and Ethereum ETFs, with the draft also covering adjustments to eligibility requirements for foreign custodians. Digital asset ETFs must be established and managed by licensed asset management companies and are subject to existing ETF rules and digital asset investment requirements.
The Thai SEC stated that Bitcoin and Ethereum funds will be included first, and other altcoin funds will be considered only after conditions are met; wrapper funds will also be opened later. Such products must be listed and traded on the Stock Exchange of Thailand (SET), and foreign custody arrangements may be adopted when necessary and appropriate. (Bitcoin.com News)
Fairlead Strategies Managing Partner Katie Stockton stated that Bitcoin is no longer in an oversold state, but it has not yet reached an overbought state. She pointed out that Bitcoin broke through the 200-day moving average in May, and a potential breakout may be imminent. Last week, Bitcoin began to rise due to news that the U.S. Treasury would at least double the scale of liquidity support repurchase operations, with a 7-day increase of over 22%, and the latest trading price is around $78,915, having previously surpassed $81,000 on Monday.For most of June and July, Bitcoin traded below $65,000 and experienced the lowest volatility in 17 years. Analysts believe that the so-called "devaluation trade" may heat up again, where investors buy assets when they believe fiat currencies are devaluing. The dollar declined after the Treasury's announcement, while gold and Bitcoin rose accordingly. U.S. investors re-entered Bitcoin ETFs last week, with inflows nearing $2 billion.Additionally, President Trump met with crypto executives at the White House last week, stating that pushing the Clarity Act through would keep the U.S. ahead. The bill was originally scheduled for a vote in August but has now been postponed to September, and it will establish a framework for distinguishing between securities, commodities, and payment stablecoins in digital assets.
According to Decrypt, the cryptocurrency market sentiment has entered the "extreme greed" zone, marking the first time since the end of 2024. The crypto fear and greed index measured by CoinMarketCap reached 81 on Sunday evening and has remained at that level, surpassing the "extreme greed" threshold of 80. A month ago, the index was at 36 (fear), and a week ago it was at 41 (neutral), climbing 45 points in just 30 days, nearly erasing all the cautious sentiment accumulated in the first half of 2026.This is also the fastest sentiment shift for the index this year, and it is the only instance since CoinMarketCap began tracking the index where it jumped directly from "extreme fear" to "extreme greed." Alternative.me has tracked the index for a longer period, and its methodology still places the index in the "greed" range (6% away from extreme greed), but the momentum of the sentiment shift is consistent. The index hit a year-to-date low of 5 on February 5, deeply entrenched in "extreme fear," and from that bottom to this week's 81 points, the market has completed a round trip from total capitulation to extreme greed in six months.This sentiment reversal coincides with Bitcoin's performance. Bitcoin rose about 24% in a week, outperforming the overall crypto market, with its share of total market capitalization continuing to rise. The rally began last Wednesday when the U.S. Treasury announced it would double the size of long-term bond repurchases from $2 billion to $4 billion per transaction, weakening the dollar and prompting investors to view Bitcoin as an inflation hedge. After Bitcoin broke through $70,000, short sellers were forced to cover, liquidating over $4 billion in crypto shorts within two to three days;
Odaily News: According to Bitcoin News, Strive raised enough funds through SATA in the first two trading days of this week to purchase more than 348 Bitcoin.
Odaily News: RockawayX, which manages about $2 billion in assets, is seeking to raise $150 million for a new liquid opportunities fund. RockawayX previously acquired crypto hedge fund Relayer Capital. Relayer Capital founder and former CoinFund partner Austin Barack will remain at RockawayX and manage the fund. The fund will focus on undervalued tokens and crypto-related stocks. Bitcoin, Ethereum, and Solana have each gained more than 20% over the past week. Meanwhile, crypto venture firms such as Paradigm and Framework Ventures are expanding into AI, robotics, and other sectors.
RockawayX manages approximately $2 billion in assets and is seeking to raise $150 million for a new liquidity opportunity fund. RockawayX previously acquired the crypto hedge fund Relayer Capital. Relayer Capital founder and former CoinFund partner Austin Barack will continue to serve at RockawayX and will be responsible for managing the fund.The fund will focus on investing in undervalued tokens and crypto-related stocks. Recently, Bitcoin, Ethereum, and Solana have all seen increases of over 20% in the past week. Meanwhile, crypto venture capital firms such as Paradigm and Framework Ventures are incorporating fields like AI and robotics into their investment strategies.
The Federal Reserve discount rate meeting minutes show that 4 out of 12 regional Federal Reserve banks voted in July to support an increase in the discount rate.
The U.S. Treasury Department announced this week that it will include Iran's digital asset industry in the same sanctions framework it has long used to sanction the oil, banking, and financial sectors, further tightening Iran's ability to evade sanctions through cryptocurrency. This action is part of "Operation Economic Outcast," referred to as "Economic D-Day" against Iran, and represents a significant escalation of global risks for cryptocurrency enterprises.According to the new action, the U.S. Treasury's Office of Foreign Assets Control (OFAC) has the authority to impose sanctions on individuals anywhere. OFAC stated that Iran is increasingly using cryptocurrency as a preferred tool to evade sanctions, supporting transactions related to the Islamic Revolutionary Guard Corps and insiders of the Iranian regime. Foreign exchanges, over-the-counter desks, payment processors, and infrastructure providers that knowingly support transactions in Iran's digital asset industry will face the risk of being added to the sanctions list and losing access to the U.S. financial system.OFAC also sanctioned members of a group within Iran's Ministry of Intelligence and Security (MOIS) accused of representing Iran in attacks on critical U.S. infrastructure and published their wallet addresses. The group's co-leader Behzad Mesri and members Keyvan Fayyaz Ghareh Blagh and Arman Kahzadian's Bitcoin and other cryptocurrency addresses have been added to the sanctions list. Previously, Bloomberg reported that Iran had launched Bitcoin-backed insurance services for shipping companies, and the U.S. also froze cryptocurrency assets related to the Iranian regime in July, most of which were Tether stablecoins.
Odaily News: Recent bitcoin volatility has triggered concentrated liquidations of leveraged long positions. On Aug. 22, single-hour liquidations reached $529 million, including $478 million in longs; on Aug. 23, another $84 million in crypto longs were liquidated within one hour.
Prediction market Kalshi launched the first spot bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with $5.5 billion in cleared volume in the first two weeks. Kalshi CEO Tarek Mansour said the product offers regulated onshore perpetual contract trading for U.S. institutions.
Benjamin Schiffrin, director of securities policy at Better Markets, noted that perpetual futures are high-risk crypto products for retail investors, and the CFTC approval did not include additional investor protections. Analysis account Qmo said there is a large pool of bitcoin long liquidations between $62,000 and $67,000; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
Odaily News: Bitcoin treasury company Strategy's Bitcoin holdings are now valued at $66.7 billion, with annual obligations including preferred stock dividends and interest totaling approximately $1.76 billion. According to analysis by Regime Intelligence, the company's 840,447 Bitcoins are backed by roughly $22 billion in debt and senior claims, and its continued access to capital markets is the foundation for meeting these obligations.
Stress tests show that Bitcoin's price would need to fall by about 96% before Strategy's Bitcoin holdings and reserves become insufficient to cover its convertible notes; its debt is not a traditional Bitcoin-collateralized margin loan, and there is no BTC margin call mechanism triggered by price declines.
Report author Sherif Saad stated that Strategy needs to maintain a financing cycle to cover annual debt and preferred stock expenses, with cash reserves currently covering about 2.6 times the related annual expenses. If the financing environment deteriorates, the company may rely more on reserves and selling Bitcoin to meet obligations.
Strategy has sold Bitcoin four times since May, most recently selling 1,690 BTC, with proceeds used to pay preferred stock dividends, repurchase shares, and increase dollar reserves. CEO Phong Le said earlier this month that the company has purchased about 25 times more Bitcoin than it has sold this year and plans to resume purchases later this year. (Cointelegraph)
The Bitcoin treasury company Strategy currently has a Bitcoin holding valued at $66.7 billion, with annual obligations such as preferred stock dividends and interest amounting to approximately $1.76 billion. Regime Intelligence analysis shows that the company's 840,447 Bitcoins correspond to about $22 billion in debt and preferred claims, making continuous access to capital markets for financing the basis for its performance.Stress tests indicate that the Bitcoin price would need to drop by about 96% for Strategy's Bitcoin holdings and reserves to be insufficient to cover convertible bonds; its debt is not traditional Bitcoin collateral margin loans, and there is no BTC margin call mechanism triggered by price declines. Report author Sherif Saad stated that Strategy needs to maintain a financing cycle to cover annual debt and preferred stock expenses, with cash reserves currently covering about 2.6 times the related annual expenses. If the financing environment worsens, the company may rely more on reserves and selling Bitcoin to fulfill its obligations.Since May, Strategy has sold Bitcoin four times, with the most recent sale of 1,690 Bitcoins, with the proceeds used to pay preferred stock dividends, buy back shares, and increase dollar reserves. CEO Phong Le stated earlier this month that the amount of Bitcoin purchased by the company this year is about 25 times the amount sold, and plans to resume purchases later this year.
Odaily News: SpaceX plans to build a $100 billion Starship launch base off the southern coast of Louisiana, adding a third Starship launch site. The base, located on Pecan Island, spans about 125,000 acres and will include five launch complexes, ten launch pads, and facilities for propellant production, power generation, vehicle processing, and employee housing. The base will help SpaceX increase Starship launch frequency and support future plans for up to 1 million data center satellites. Starship will also be used to launch upgraded Starlink satellites, with orbital data center missions as early as 2027 and plans to carry NASA astronauts to the moon as early as 2028. (Jin10)
"1011 Insider Whale" agent Garrett Jin stated that the long-term consolidation period has just begun, and in order to rise, we need more Bitcoin to trade within the current price range.
Odaily News: According to The Wall Street Journal, Anthropic is expected to tell investors in its IPO filing that its potential revenue opportunity exceeds $30 trillion, surpassing SpaceX's earlier estimate of $28.5 trillion. Anthropic is using "total addressable market" (TAM) to showcase the growth potential of AI, assessing the full scale of work that AI models could eventually perform.
SpaceX previously described its TAM as "the largest actionable market in human history," with $26.5 trillion of that coming from AI opportunities. Anthropic's second-quarter revenue has already surpassed $11.6 billion, doubling from the prior period. The company's IPO could raise up to $100 billion, targeting a valuation of about $2 trillion, above SpaceX's $1.77 trillion at its listing. Plans are still under discussion, with a listing expected as early as September or October. (Jin10 Data)